Vinva Investment Management Ltd Sells 536 Shares of Workday, Inc. $WDAY

Vinva Investment Management Ltd trimmed its position in Workday, Inc. (NASDAQ:WDAY) by 29.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,280 shares of the software maker’s stock after selling 536 shares during the quarter. Vinva Investment Management Ltd’s holdings in Workday were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. AlphaQuest LLC raised its holdings in shares of Workday by 636.7% during the 2nd quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock worth $453,000 after acquiring an additional 1,630 shares in the last quarter. Chicago Capital LLC grew its holdings in shares of Workday by 2.2% in the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after purchasing an additional 3,824 shares in the last quarter. State of Alaska Department of Revenue increased its position in Workday by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock worth $7,288,000 after purchasing an additional 5,300 shares during the last quarter. Vanguard Group Inc. raised its stake in Workday by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock valued at $5,067,404,000 after purchasing an additional 515,529 shares in the last quarter. Finally, Swiss National Bank lifted its position in Workday by 8.0% during the second quarter. Swiss National Bank now owns 651,700 shares of the software maker’s stock valued at $156,408,000 after purchasing an additional 48,100 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Activity at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the sale, the chief executive officer owned 20,222 shares in the company, valued at $4,803,129.44. This represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the transaction, the director directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 264,933 shares of company stock worth $61,475,760 over the last quarter. Corporate insiders own 19.31% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of analyst reports. Raymond James Financial started coverage on shares of Workday in a report on Friday, November 21st. They issued a “market perform” rating for the company. Royal Bank Of Canada lowered their price target on Workday from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group set a $260.00 price objective on shares of Workday in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Macquarie reiterated a “buy” rating on shares of Workday in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.70.

Workday Trading Up 0.2%

WDAY opened at $215.69 on Friday. The company has a quick ratio of 2.10, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $233.23 and its two-hundred day moving average is $235.73. The company has a market capitalization of $57.59 billion, a P/E ratio of 90.63, a PEG ratio of 2.67 and a beta of 1.11. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 EPS. Analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.